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Wholesale prices dip 0.1 percent in April

5 years ago May 18, 2010 May 18, 2010 Tuesday, May 18 2010 Tuesday, May 18, 2010 6:52:07 AM CDT in News
Source: Associated Press
By: John Pastorek

Prices at the wholesale level fell in April, reflecting declines in energy and food.

The Labor Department said wholesale prices edged down 0.1 percent last month, the second decline in the past three months.

Core inflation, which excludes energy and food, rose 0.2 percent, slightly faster than expected. Over the past year, core prices are up just 1 percent.

The absence of inflation pressures means the Federal Reserve can continue to keep interest rates at record lows to bolster the economic recovery.

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